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Bloomberg
3 minutes ago
- Bloomberg
Brookfield, Birch Hill Snag Canadian Mortgage Firm in $2.1 Billion Deal
Brookfield Asset Management and a private equity partner reached a friendly deal to take over First National Financial Corp., a mortgage company backed by Canadian billionaire Stephen Smith, for about C$2.9 billion ($2.1 billion). Funds managed by Brookfield and Toronto-based Birch Hill Equity Partners Management Inc. agreed to pay C$48 a share in cash for First National, an originator of commercial and residential mortgages. That's a 13% premium to where the shares closed Friday.
Washington Post
26 minutes ago
- Washington Post
US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
WASHINGTON — When top U.S. and Chinese officials meet in Stockholm , they are almost certain to agree to at least leaving tariffs at the current levels while working toward a meeting between their presidents later this year for a more lasting trade deal between the world's two largest economies, analysts say.
Yahoo
31 minutes ago
- Yahoo
The clock is ticking on solar tax credits and All Energy Solar can help
MADISON, Wis., July 27, 2025 /PRNewswire/ -- Homeowners and businesses have a critical, rapidly approaching deadline to take advantage of the 30% federal solar tax credit: December 31, 2025. After this date, the Residential Clean Energy Credit will be eliminated entirely, and the Clean Energy Investment Tax Credit for commercial projects will be subject to new restrictions and early phase-out. All Energy Solar Inc. is urging people to act now to ensure their projects are completed in time to qualify for these significant savings. The recent "One Big, Beautiful Bill Act" abruptly cut short the federal solar tax credit, which was previously set to continue through 2034. This change creates a compressed timeline for those interested in investing in solar energy. For homeowners, this means a potential savings of an average of $9,000 will vanish in 2026. Businesses also face a limited window to capitalize on the full credit for renewable energy projects. "The phase-out of this federal tax credit is a big shift—not just for the solar industry, but for any homeowner or business thinking about going solar," said Ryan Buege, Vice President of Sales and Marketing at All Energy Solar. "The window is closing, but there's still time to lock in the full value if you act now. It may be years before solar becomes this affordable again." Typical installation timelines can span several months due to site design, permitting, and utility coordination. All Energy Solar encourages anyone considering solar to start their project now to maximize savings and avoid missing out on current incentives. "From your first consultation to system activation, going solar takes time—especially with permitting and utility approvals," Buege added. "Our team is experienced at navigating these local processes, but as demand surges, there will come a point where we simply can't guarantee new projects will qualify under the current incentive, especially for residential solar." For businesses switching to solar, the changes to the tax credit present a more nuanced, though still urgent, timeline. While the general elimination date for the Clean Energy Investment Tax Credit is December 31, 2027, projects that begin construction by July 4, 2026, can still qualify for the full 30% credit, provided they are placed in service within four years. Projects beginning construction after July 4, 2026, must be placed in service by December 31, 2027, to receive any credit. Furthermore, projects beginning construction after December 31, 2025, will face new "Foreign Entity of Concern" (FEOC) restrictions, requiring a certain percentage of components to be sourced from non-FEOC manufacturers to qualify for the credit. About All Energy SolarAll Energy Solar is a full-service solar energy solutions provider for residential, commercial, agricultural, and government customers seeking to make the transition to solar energy. Learn more at View original content to download multimedia: SOURCE All Energy Solar, Inc
